Interior Savings and Valley First have teamed up once again to support social enterprise in Kamloops and surrounding area. For the third year in a row, the credit unions will sponsor social enterprises to participate in the Resilience & Recovery Program, a 6-12 month entrepreneurial coaching program, co-delivered by Purppl and Kamloops Innovation. The program helps social enterprises and social purpose organizations (SPOs) build sustainability and resilience in four key areas: revenue, operations, leadership, and impact.
Kamloops Applications Open
Applications are now open for Kamloops social enterprise and social purpose organizations who are looking for entrepreneurial coaching and are dedicated to advancing a social, cultural or environmental mission. “I highly recommend this opportunity to all organizations. The program will help you think outside the box and find new pathways to sustainability and growth,” says Kim Mangan, Executive Director of Kamloops Music Collective and past participant in the program.
45% Increase in Demand for Social Enterprise Services
“Overlapping challenges like the pandemic, climate change, and the overdose crisis highlight the valuable services social enterprise and social purpose organizations provide in our communities. The last several months has seen a reported 45% increase in demand for their services with many seeing demand grow faster than their capacity. Innovation and experimentation has increased dramatically to meet those needs,” says Andrew Greer, Managing Director at Purppl.
“Social enterprises use entrepreneurship as a tool to create revenue and positive social impact.
“Social enterprises use entrepreneurship as a tool to create revenue and positive social impact. ASK Wellness currently employs 15+ individuals in their social enterprise while also significantly reducing landfill waste in Kamloops. Social entrepreneurship is a critical part of a just, regenerative economy.”
Entrepreneurial Coaching and Support
Successful applicants will receive a one-time grant, subsidizing their participation in Purppl’s Resilience & Recovery Program for 6-12 months. Social purpose organizations work with an entrepreneurial coach to build financial resilience, improve their impact, and develop their leadership skills.
In the past 12 months, the program has helped participating social enterprises to launch and grow social enterprise revenue streams, improve internal and external communication, redesign programs and services, improve financial sustainability, and to navigate very difficult and complex leadership challenges. This coaching helps to provide the capacity and capability leaders need to succeed in these challenging times.
“This program provides real time coaching and expertise to help social entrepreneurs build sustainable revenue streams in order to build sustainable social impact.
Kamloops Innovation has been a longtime delivery partner of the program in Kamloops. Executive Director, Dr. Lincoln Smith sees the need. “As our community grows, so does the need for innovation around cultural, social, and environmental challenges. This program provides real time coaching and expertise to help social entrepreneurs build sustainable revenue streams in order to build sustainable social impact.”
ORGANIZATION ELIGIBILITY CRITERIA
- Must be a social purpose organization (charity, nonprofit, social enterprise, co-operative, or for-profit social enterprise), with preference given to social enterprise initiatives
- Facing challenges or opportunities in one or more of the four sustainability focus areas (revenue, operations, leadership, impact)
- Must have at least one paid staff position
- Located in the Kamloops and surrounding region
- Able to contribute $400-500 per month to program costs for the duration of the 6 or 12 month program
PROGRAM FOCUS AREAS
- Revenue: Build, refine, and grow a sustainable revenue model.
- Operations: Improve capacity and operational efficiency. Evolve products, services, or technology to meet changing demands.
- Leadership: Strengthen teams, culture, and leadership.
- Impact: Define your desired community impact, develop steps to get there, and relevant impact metrics.
Eligible organizations are invited to submit a short application by August 23rd, 2021 at 5:00 PM PDT . Successful applicants will be notified late September / early October 2021. APPLY NOW
For more information about the application or program, please contact Christine Cirka, Programs Manager of Purppl CCC at firstname.lastname@example.org.